ELKINS PARK, Pa. -- GMAC Mortgage Corp. announced that it has expanded the variety of adjustable-rate mortgage programs available with down payments as low as 5%

The new products being offered include a six-month adjustable, an ARM that is fixed for the first three years and then adjusts annually, and a 10/1 ARM that adjusts annually after 10 years. The company also offers a one-year ARM called First Step as well as fixed-rate programs with 5% or smaller down payment requirements.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.